Code of Virginia § 38.2-6406. GAP waivers not insurance.
48 words·~1 min read·
/va/title-38-2/chapter-64/38-2-6406A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
GAP waivers governed under this chapter are not insurance and are exempt from the insurance laws of the Commonwealth. Persons marketing, soliciting, negotiating, selling, or offering to sell GAP waivers that comply with this chapter are exempt from the Commonwealth's licensing requirements.
2019, cc. 799 , 800 .